Barclays Maintains Equal-Weight on Open Text, Lowers Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Raimo Lenschow has maintained an Equal-Weight rating on Open Text (NASDAQ:OTEX) and lowered the price target from $44 to $40.
October 12, 2023 | 7:17 pm
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NEGATIVE IMPACT
Barclays has maintained an Equal-Weight rating on Open Text and lowered the price target from $44 to $40.
The lowering of the price target by Barclays from $44 to $40 indicates a potential decrease in the stock's value. This could lead to a negative short-term impact on Open Text's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100